CBDT has launched Electronic Verification System for verification of e-filed Income tax returns with a One-Time Password (OTP) called ‘Electronic Verification Code (EVC)’

Saral TaxOffice and Saral Income Tax now enabled with ITR e-filing for AY 2015-16 (ITR-1 and ITR-4S)

Recently CBDT announced the new Income Tax Return (ITRs) for AY 2015-16, requiring the disclosure of details regarding bank accounts and foreign trips undertaken in the past financial year to check the menace of black money. Just after a day of announcing, a top finance ministry official said that the new ITRs will be reviewed by the Government. The move comes after criticism from tax experts on the new ITR, which was not only cumbersome but would have also increased harassment of taxpayers.

The procedure for PAN allotment process will undergo a change with effect from 03.02.2014. From this date onwards, every PAN applicant has to submit self-attested copies of Proof of Identity (POI), Proof of Address (POA) and Date of Birth (DOB) documents and also produce original documents of such POI/POA/DOB documents, for verification at the counter of PAN Facilitation Centers

The Facility to bulk upload Form 15CA is now available as offline utility. The Remitter may use either online or offline utility to upload Form 15CA

Tax deductor and collector holding valid TAN can register and use the TAN based credentials to file Form 15CA. Please download the updated utility of Form 15CA

Option to Submit an Online Response to Outstanding Tax Demand at Income-tax E-filing Website is Now Enabled

Payment of tax on perquisites by employer

An option has been given to the employer to pay the tax on non-monetary perquisites given to an employee. The employer may, at its option, make payment of the tax on such perquisites himself without making any TDS from the salary of the employee. However, the employer will have to pay the tax at the time when such tax was otherwise deductible i.e.